PHP/INR: what to know
The PHP/INR rate shows how much INR you get for 1 PHP. Right now, 1 PHP buys 1.5241 INR at the mid-market rate. In the other direction, 1 INR is worth 0.6561 PHP.
In the short term PHP is driven mainly by overseas remittances and trade flows, while INR responds to oil prices and capital flows.
The Philippine Peso (PHP) is issued by Bangko Sentral ng Pilipinas. The Philippines is the only Asian country with a currency called the “peso” — a legacy of Spanish rule. The Indian Rupee (INR) is issued by Reserve Bank of India. The ₹ symbol was adopted in 2010.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.